Research

On December 5, 2024, CGD President Emeritus Masood Ahmed delivered a keynote address at the Australasian AID Conference at the Crawford School of Public Policy, Australian National University, Canberra, Australia. 

There is a strong case for investing in education. It is a key driver of economic growth and fosters productivity gains, as seen by recent experiences in several Asian countries. While the benefits of education are well recognized, realizing these outcomes depends on the availability of fiscal space...

The movement for localization in foreign aid presents philosophical and practical challenges for providers of foreign aid. In the past, some level of localization (to at least state actors) of both decision-making and spending could be achieved through general and sector budget support, a logistical...

This paper addresses a critical flaw in the international financial system: the failure to address the inherent asymmetry between countries that issue reserve currencies and those that do not, leaving the latter vulnerable during systemic liquidity crises. We propose an IMF-managed Emerging Market F...

In today’s digitally interconnected world, the swift exchange of knowledge and research should be commonplace and should drive substantial advancements in health, well-being, and prosperity globally. Yet our current research publishing system is holding us back, deliberately restricting access to re...

Targeted migration programmes could mobilise significant finance (potentially hundreds of millions of dollars), contributing to meeting underfunded and growing climate adaptation needs at the most local level.

The decision to end the use of fossil fuels for energy production by 2050 will have major implications for global trade and investment flows. This paper examines the likely effects of the permanent collapse in demand for oil on three large and systemically significant African countries that are vita...